Winmark Corporation Announces Issuance of $30.0 Million of 3.18% Notes Due 2028
10 Setembro 2021 - 9:58AM
Business Wire
Winmark Corporation (Nasdaq: WINA) announced today the issuance
of $30.0 million of 3.18% Senior Secured Notes due 2028. The
financing was provided by affiliates of PGIM, Inc. (formerly
Prudential Investment Management) under its existing note
agreement. Winmark intends to use the proceeds for general
corporate purposes, which may include share repurchases and
dividends.
Winmark - the Resale Company™, is a nationally recognized
franchising business focused on sustainability and small business
formation. We champion and guide entrepreneurs interested in
operating one of our award-winning resale franchises: Plato’s
Closet®, Once Upon A Child®, Play It Again Sports®, Style Encore®
and Music Go Round®. At June 26, 2021, there were 1,266 franchises
in operation and over 2,000 available territories. An additional 36
franchises have been awarded but are not open.
This press release contains forward-looking statements within
the meaning of the safe harbor provisions of Section 21E of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”),
relating to future events or the future financial performance of
the Company. Such forward-looking statements are only predictions
or statements of intention subject to risks and uncertainties and
actual events or results could differ materially from those
anticipated. Because actual result may differ, shareholders and
prospective investors are cautioned not to place undue reliance on
such forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20210910005301/en/
Brett D. Heffes 763/520-8500
Winmark (NASDAQ:WINA)
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